According to Skew Δ (@52kskew), recent market activity indicates a renewed influence of Trump-related news on trading sentiment, as seen in sharp price movements across major cryptocurrencies following U.S. election headlines (source: Twitter/@52kskew, May 8, 2025). This correlation between political developments and crypto price action highlights the importance for traders to monitor election-related macro events, as these can trigger sudden volatility and liquidity shifts in assets like Bitcoin and Ethereum. Data from Skew Δ further reveals increased trading volumes and open interest around key election updates, reinforcing the trend of heightened market sensitivity to U.S. political news.

According to Ai 姨 (@ai_9684xtpa), the market is intensely focused on $TRUMP and $MELANIA, creating what is referred to as 'Trump Market'. Amid this, Orbiter announced its TGE today, listing $OBT on Bybit at 6 PM. Despite the overshadowing market sentiment, Orbiter's robust business metrics support its decision, handling over 35.38 million transactions worth $2.79 million and holding a 30-40% market share in cross-chain bridges. Orbiter's unique position as a high-profit, cash-flow positive DeFi project makes this launch significant for traders.